BNF Trade Journal 18/05/2023

VAIBHAV KURKUTE
May 18, 2023

Trade 1 Condition:
Triangle Pattern, Imbalance Left at Swing High, whereas the earlier Downside waterfall was Buyer SL Hunt, along the support was gradually increasing on OI till 44000 as shown below was an additional confluence

Trade 2 Condition:
Around 12 the Previous Swing High was broken, but immediately it reversed the flow so well it must have eaten the SL of the breakout trader.
It changed the character by breaking the previous LL and retracing till 43888 where the breakout of the triangle happened.
As the swing was broken by giving a fake upside breakout, it was changed to a bearish character, and also a gap filling was pending till 43740

The most trader would have thought its a triangle breakout re-test and must have entered for a long again, also the resistance around 44010 was about to be tested

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